Business
Air India Express Increases Flight Operations From NE Destinations
GUWAHATI: Low-cost airline Air India Express has announced an increase in flight operations from three major destinations in the northeast – Guwahati, Agartala and Imphal – as part of its winter schedule. This is part of the airlines’ expansion of winter services across the country, it said in a...
Markets may react to Assembly polls outcome: Analysts
MUMBAI: Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in...
Indian Gig Economy Firms Poised To Be Global Leaders: FM Nirmala Sitharaman
NEW DELHI: Indian innovations such as quick commerce could join the league of the biggest players in the international tech business space over time, finance minister Nirmala Sitharaman said on Friday, calling for a strong ’Bharat Brand” in multiple sectors. She, however, said traditional brick-and-mortar retailing is facing some...
SEBI Seeks Diversified Ownership Of Clearing Corporations
MUMBAI: The Securities and Exchange Board of India (SEBI) has proposed diversified ownership of equity clearing corporations (CCs) currently fully owned by the stock exchanges. SEBI expects a broad-based and diversified ownership of clearing corporations would help strengthen their financial and operational independence and ensure they can operate primarily...
India’s Defence MRO Sector Set To Take Off Over The Next Five Years
NEW DELHI: India’s defence maintenance, repair, and overhaul (MRO) sector is poised for transformative expansion over the next five years, as global aerospace giants and domestic players collaborate to establish world-class facilities. With companies like Lockheed Martin and Boeing partnering with Indian firms like Tata Advanced Systems Ltd (TASL)...
Small And Medium Hospitals Market Likely To Reach Rs 5 Trillion By FY27: Report
NEW DELHI: The small and medium enterprise (SME) hospitals segment is expected to reach a market size of Rs 5 trillion by financial year 2026-27 (FY27), fuelled by localised demand, niche specialisation, and initiatives, according to a joint report by investment banking and consulting firm LoEstro Advisors and healthcare...
United States Leads Global Network Readiness Index 2024; India Ranks 49th
MUMBAI: The 2024 Network Readiness Index (NRI), published by the Portulans Institute and Saïd Business School at the University of Oxford, has ranked the United States as the world leader in network readiness for the third consecutive year. The report highlights the US’s dominance in artificial intelligence (AI) development,...
HAL Is Looking To Manufacture Al-31-FP Engines Of Su-30mki Entirely In India Including Components
Hindustan Aeronautics Limited (HAL) is actively pursuing a strategy to manufacture the AL-31FP engines for the Sukhoi Su-30MKI aircraft entirely within India, including the sourcing of materials. This initiative is part of a broader push towards self-reliance in defence manufacturing, aligning with the Indian government’s “Atmanirbhar Bharat” (Self-Reliant India)...
NMDC Says It Will Bring Latest Material Handling Tech To India Via New Department
India’s largest iron ore producer, NMDC Ltd says it has always been a pioneer, pushing boundaries and setting benchmarks in the steel and mining industry. It has now established a new vertical dedicated to innovative technological advancements. Recently, this ‘Transformation and Innovation’ vertical was introduced into its Hyderabad head...
Steel Retaliation: India Cautiously Weighs Proposed Duties On EU Goods
NEW DELHI: India is stepping cautiously on its proposed imposition of retaliatory duties on EU goods for wrongful extension of safeguard tariffs on its steel as it is weighing diplomatic considerations such as action by other countries similarly hurt by the measures and an assessment of overall trade relations...
India’s Petroleum Exports Up 12.7% In October; Crude Imports Increase By 4.2%
NEW DELHI: Indigenous crude oil and condensate production in October 2024 stood at 2.3 million metric tonnes (MMT), marking a 4% decline compared to the same period last year, according to data from the Petroleum Planning and Analysis Cell (PPAC). ONGC accounted for the largest share of production at...
COP29 Climate Summit Overruns As $250 Billion Draft Deal Stalls
BAKU: The COP29 climate summit ran into overtime on Friday, after a draft deal that proposed developed nations take the lead in providing $250 billion in annual climate finance by 2035 drew criticism from all sides. Showing some progress late on Friday, the COP29 presidency released what it hopes...
Stable Inflation Is Important To Sustain Growth: RBI Governor
MUMBAI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the central bank remains committed to realigning inflation with the legally mandated 4% goal on a durable basis, effectively dashing expectations of a rate cut in the near future. Speaking at the ‘High-Level Policy Conference of Central...
Private Banks Seek Reduction In Mudra Targets
NEW DELHI: Some private banks have made a case for reducing the targets prescribed for Mudra loans amid growing concerns about rising stress in the portfolio of loans to micro, small and medium enterprises (MSMEs). Private lenders have argued that in some cases the current targets exceed their entire...
Commissioning Of AGEL’s Renewable Energy Projects, Cash Flows May Get Delayed
NEW DELHI/MUMBAI: An immediate fallout of the US’s bribery charges against Adani group would be a slowing of the pace of its massive renewable energy (RE) ventures, and a delay in start of cash flows from the power supply contracts that looked lucrative and but have now come under...
Companies Boost Childcare Benefits For Employees
NEW DELHI: With Children’s Day just behind us, India Inc has a timely opportunity to assess the progress of its childcare and parental policies, especially since these benefits became mandatory in 2017. Increasingly, companies are budgeting for childcare/daycare expenses as part of the HR policies. The number of companies...
Industrial Township Scheme To Be Extended To Smaller Cities
NEW DELHI: After 20 smart industrial townships under construction, the government is now looking to facilitate setting up of more industrial parks in smaller towns and cities, a senior official said Thursday. “We are hopeful that the framework for them (industrial parks) will be ready within this fiscal year,”...
US Regulators Seek To Break Up Google, Force Sale Of Chrome Browser
WASHINGTON: US regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late...
